_Economy and Finance

http://www.studley.com/9c1d8ee7-9e58-4725-a007-cb0426a70d0b/our-firm-press-room-detail.htm Tech Sector Continues to Drive San Francisco Office Market in Sharp Contrast to Rest of Tenant Base San Francisco, CA (November 1, 2013) - The tech sector continues to drive the San Francisco office market, with the rapid expansion of local companies as well as an influx of Valley firms and others from outside the region contributing to the acceleration. Following a sluggish first half of 2013, tech companies resumed their aggressive pursuit of space in the third quarter, according to the San Francisco Studley Report, Studley’s analysis of office market conditions in the city. Overall leasing volume equaled three million square feet, significantly higher than the historical quarterly average of 1.9 million square feet.

http://www.studley.com/research-documents-search-results.htm?t=SERI Reports National SERI Report 2013 The Studley Effective Rent Index (SERI) provides the real estate industry with the only comprehensive, in-depth study of effective rental rate trends for prime Class A office properties in the nation’s major central business districts and selected suburban markets. Using completed transactions as its source, the SERI report offers “real world” numbers that reflect negotiated terms, including lease concessions and operating-expense information. This study focuses on the true cost of occupancy based on actual taking rents rather than on average asking rents. http://www.studley.com/research-documents-search-results.htm?t=SERI Reports

http://www.studley.com/research-documents-search-results.htm?l=San Francisco San Francisco SERI Report 2013 Total rent, $58.35, posted a 4.7% year-on-year increase. Net rent rose for the second year in a row, averaging $38.00. Electricity (+1.5%), real estate taxes (+2.0%) and operating expenses (+2.1%) all increased. http://www.studley.com/research-documents-search-results.htm?l=San Francisco

http://www.studley.com/research-documents-search-results.htm?l=San Francisco Market Boundaries - San Francisco PDF map showing definition of market boundaries as used in reports http://www.studley.com/research-documents-search-results.htm?l=San Francisco